The price of Loopring has risen over 400 per cent since the initial rumors began to spread.
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As its name suggests, you can use cryptocurrency to make purchases. But your purchasing power is limited; crypto isn’t yet widely accepted among retailers and other businesses.
Miami Mayor Francis Suarez, who just secured a second term this week, said he will accept his entire salary in bitcoin. Biden admin regulating stablecoins pushes back against financial 'freedom': Ex-Interior Department attorney
Recently, such platforms have come under increased scrutiny by lawmakers and regulators. Binance in particular is reportedly under review by regulators in the U.S., Britain, Germany, Japan, Hong Kong and elsewhere.
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Keep your investments small, and never put crypto investments above any other financial goals like saving for retirement and paying off high interest debt.
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Some investors have predicted even bigger gains for Bitcoin, despite continued criticism of the cryptocurrency by JPMorgan Chase (JPM)CEO Jamie Dimon, who has called the coin "worthless."
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Coinbase saw its trading volume suffer a steep drop, driven primarily by lower levels of volatility, despite the listing of dogecoin and shiba inu.
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
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BTC Price Action: According to CoinMarketCap data, Bitcoin is trading at $63,559.44 as of Thursday afternoon after seeing its price fall by about 4.74% over the last 24 hours.
“Regulation is probably one of the biggest overhangs in the crypto industry globally,” says Jeffrey Wang, head of the Americas at Amber Group, a Canada-based crypto finance firm. “We would very much welcome clear regulation.”